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This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax policy. In many countries, governments subsidize the creation of new firms. One possible justification for these subsidies is that capital markets for the financing of new firms...
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This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...
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the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture …
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Entrepreneurship Policy: Theory and Practice is the first book to fully analyze the construction of entrepreneurship … shares new tools and methods for better understanding and explaining the why and how of an entrepreneurship policy approach …. Unlike other research in the field of entrepreneurship where implications from research findings are used to suggest what …
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